SB2943 Summary

• Establishes a transit-oriented development infrastructure improvement zone program administered by the Hawaii Community Development Authority to finance public infrastructure improvements near fixed rail transit stations.

• Creates transit-oriented development infrastructure improvement zone subaccounts within the dwelling unit revolving fund, funded by county assessments, legislative appropriations, federal grants, private investments, and voluntary contributions.

• Authorizes grants and loans for infrastructure projects including regional sewer systems, water systems, drainage systems, roads, and telecommunications within transit-oriented development zones, excluding maintenance costs and mass transit facilities.

• Expands the Hawaii Community Development Authority's board to include voting members for transit-oriented development matters, including directors of finance, transportation, planning, and the office of planning, plus three at-large members.

• Requires the Hawaii Housing Finance and Development Corporation to conduct an infrastructure study for the Aloha Stadium transit station zone by 2020 and appropriates funds for staff and study implementation.